Lightwave Logic Inc (LWLG)

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So I just read that seeking alpha article the author sounds to me like he started off with a preconceived notion that Lightwave Logic is not for real and attempts to convince others it is a bad investment. He picks at it and slants the article omitting facts and presenting other things as questionable as if trying to present only one side of a debate. In my opinion it is akin to a prosecutor not giving the defense known facts that would prove a defendant not guilty. Sure the crime happened in New York but we will leave out the fact the defendant was in California. Unless someone else presents the facts you will only see that side of things.

I will present what I personally know as having followed this company for 20 years and have attended most of annual shareholders meetings. Back in the day when I initially invested about $50k on the open market I would even eat my lunch and creep on them from a corner in the parking lot way back when they started in a garage in Newport Delaware to see who was visiting the lab, when they moved to their 2nd lab at the U of D I was even able to get by security and walked unannounced into the lab to see who was in the lab and the state of the process. As information when I walked in then there were 7 bottles of perkinamine on the table there was a pharmaceutical chemist (he was hired to remove the imperfections in the Perkinamine) there were several Dupont chemists working on the six sigma thing, and there was a technician at the sputtering machine. As information the way that Lightwave Logic applies its chemicals is that it spins up the substrate (then it was glass, now it is silicon) this puts a very thin layer (like a boardwalk painting), once dry they heat it and in order to pole the molecules they apply voltage (this lines up the + and –‘s) then they cool it to lock them in place, at that time there were various yellow post it notes with rpms, temperatures and voltage stuck on the equipment was being made. I was probably in and out in less than 1 or 2 minutes, they turned and looked me I just said hey guys how is it going, made some kind of nervous small talk, turned and walked out having accomplished my mission. As information they now have a new lab in Denver with a lab, a device, an application, and measurement areas that I have “legally” toured on several occasions to see how the sausage is made.

So that takes out the authors “describes itself” portion in his article, I know for fact that is what they do.

The autor
OK a little background on the company, Years and years ago the industry knew that Polymers held promise but the industry could not stabilize the material. Lightwave was created with the theory that they would take a stable polymer and make it sensitive to light EO. The industry would simply not accept that it was possible and ignored it. As information Lightwave material is so fast that the devices used to measure their speeds are maxed out. They are working to develop a “speedometer” that can measure it. During one tour of the lab I saw the test equipment serial number 2 produced by another company sitting on the bench and number 3 was on the way. When you have that historically was not stable the industry guys are going to shun you. They did just that for years. Keep an eye out for the process on the new test equipment.

So Lightwave started off making plastic (Polymers), I personally saw a senior Vice President of Dupont Polymers go in the lab one day, next thing you know after about a year he joined the company. I also saw Fred Leonberger who is credited with todays modulators first vet then work in the background for years before signing on help and he finally took a seat on the board. Joe Miller who was credited with saving Corning fiber optics signed on and took a seat on the board. So you have Polymers, Device and Fiber Optics covered, with the who’s who of the industry when they were on the pink sheets, I knew then they were onto something and invested every chance I could. When this all started to come together Michael Lebby was doing an Industry wide study of the path forward in this field, he wrapped up his study put out a roadmap and joined Lightwave Logic first with a board position then became CEO. AS CEO he went about throwing downs patents like a wild man, he was inducted into the patent hall of fame. But what folks need to understand is that when you have something like this you need to get the patent ducks in row first, they have done that, not only from a materials standpoint but also from a device standpoint. As President and CEO of the Optoelectronics Industry Development Association Lebby spoke in front of congress about U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION. If you need some more credibility how about the Chairman of the Board Admiral Zelibor who Led a 3 carrier talk force the day after 9/11 to the middle east and went on to be the Navy’s Director of the Space, Information Warfare last year in 2021 appointment as a member of the Department of Homeland Security’s Space Systems Critical Infrastructure Working Group. I can go on and on.

What does Lightwave logic do? Lightwave has many many custom variations of Perkinamine. This material when applied to silicon photonics triples the speed, is so sensitive that it does not need a driver (booster) to increase the voltage. It is so sensitive that the voltage coming off the silicon computers as 1’s and 0’s has enough voltage to embed that data in a Laser. Silicon is good at computing, Inp is good at creating a laser, Lightwaves Polymers are compatible with both. It even looks to me that their “Driverless Modulator” patent covers them so that even if another company is able to create an EO polymer it will run into the “Driveless Patent” that Lightwave has. So recently Lightwave published the Grate coupler patent. What that does it gets the photons up through the layers, into or out of the silicon (think of it like cheese grater that the light bounces off of). 3 Weeks ago they published a Hybrid Photonics production patent to be used at the foundries for the ramp. Oh they recently hired a V.P. to act as a liaison between the foundries and the lab.

The author of that hit piece stated that Lightwave needs to purchase a lot off expensive equipment to succeed. No, No, No, while the factories that will produce the devices do cost many many billions of dollars all of the processes to apply the material are well know and in place today at the foundries. Lightwave will just need to modify a foup to go over to the corner and have it applied in the foundry. Sounds simple but it takes time to develop and perfect something called a PDK (Process Development Kit) this will enable them to mass produce it place it on the menu so a company like Intel could order on one of their devices. OK this is the next twist in something that will be ubiquitous, it will be in everyones life very soon sort of like Teflon. What Lightwave is doing is going around the Intels of the world, in the past Intel would own the material and device and have the foundry produce it only for them, so you had to buy it from them. Lightwave is going to put this on the menu of the foundries so that anyone that wants the super duper modulator can order it and compete on a level playing field. Think about that for minute.
How has the industry survived to date? What the industry does is that it stacks up todays 25 gig or 50 gig to make 100 Gig, pretty funny that they need to put 4x25 or 8x25 to get 100 or 200, Lightwave can do it with a single 100 (and I think 150 is in the lab on the bench) modulator. Take 1-100 Gig Lightwave modulator and modulate using PAM4 it can run at 200 gig on a Single Device without the power hungry Drivers. Basically, it triples the speed using ½ the Power.
Folks the industry has a huge problem, we are all demanding more speed (data) and cheaper communications. Lightwave has that answer, I believe that they will be taken over but a much larger fish like an Amazon Web Services or something.

The ramp for this will be super-fast, it is not like they need to build a foundry, so there won’t be any warning and once the word gets out about how many industries and devices need it will go ballistic. I find the lidar angle driverless cars or um, jets fascinating.

The company has no debt and a 100 Million dollar shelf with enough cash on hand to last until 2024. In my opinion they will need a larger chemical producing lab but that is not expensive at all to produce Perkinamine in large quantities. But that is a nothing burger in todays world. For now the lab can produce enough for a couple foundries.

I’ll bet that soon enough a politician or 2 will be standing there, we all know that game.

I spent enough time this morning on this, but when I read that article I was like Wait, What is this guy talking about, certainly not the company I’ve followed for 20 years, sounded more like a google grab negative things write it up and get paid by the advertiser or by the click.

I'm going to attempt to reply with this on seeking alpha but I usually don't have any luck there.
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Here is the link to the nonsense article, I hate to give him clicks though and If I don't succeed you guys that are qualified over there are free to cut and paste this.
https://seekingalpha.com/article/4511192-lightwave-logic-far-from-commercialization-still-bearish